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Belarus Provides Tax Exemption for Corporate Bonds — Orbitax Tax News & Alerts

On 3 March 2016, Belarus President Alexander Lukashenka signed Decree No.85, which provides for a corporate income tax exemption on income derived from transactions that involve qualifying corporate bonds issued by legal entities resident in Belarus. The Edict also provides for a withholding tax exemption on such income derived by non-residents without a permanent establishment in Belarus. The decree entered into force on 6 March 2016, and applies for corporate bonds issued between 1 January 2016 and 31 December 2017.